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Payment for External Research Costs

The MIFID II1 regime comes into effect from 3 January 2018. Its aim is to reinforce and add to existing structural, transparency and investor protection rules across the Financial Services industry. A key part of this is addressing the potential conflicts of interest that may arise from the payment of external research costs.

We can confirm that Investec Asset Management will meet the cost of external research across our funds and client accounts.

A core philosophy of our firm is to always do the right thing. We believe paying for external research costs is consistent with that philosophy in our search to provide the best investment outcomes for our clients.

If you have any questions regarding our approach to the payment of external research costs, or the wider introduction of MiFID II, please contact our Client Services team at or your usual contact.


1MiFID II (The Markets in Financial Instruments Directive (2014/65/EU) and MiFIR (the Markets in Financial Instruments Regulation (600/2014) and associated and derived rules and guidance.